Eswar Prasad's latest economic analysis examines structural vulnerabilities in the global financial system. Cornell economist Prasad argues that interconnected economic policies and institutional failures create cascading risks across markets. The book, endorsed by prominent figures including Lawrence Summers and Janet Yellen, explores how trade tensions, currency instability, and policy misalignment threaten economic growth worldwide. While Prasad's work targets academic economists, his core argument about systemic fragility carries significant implications for investors and policymakers. Understanding these structural weaknesses is essential for anticipating market disruptions and policy responses that could reshape investment strategies in coming years.
